TNETS Customs and Trade Compliance News


The Benefits of Using A Customs Broker

The task of physically transporting goods across international borders is relatively straightforward in most cases. Ensuring the correct customs documentation is in place can be much more complex. Aside from reducing possible delays at customs border points, having the necessary customs clearance formalities covered is a strict legal requirement, and there are often very different rules on either side of the border, or either end of the international transit...

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Bold Reform Within Indonesian Customs And Excise Administration

Vincent LinggaThe Jakarta Post Jakarta   /   Mon, January 7, 2019   /   09:16 am Customs and excise offices are not popular institutions in many countries as they are deemed to be notoriously corrupt. Even the Bible negatively perceives customs collectors as sinners, as in the story of Zacchaeus, who later was happily reformed and gave half of his possessions to the poor. Authoritarian president Soeharto was so fed...

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Richard White’s Long Way To The Top At Wisetech

By Colin Kruger | Syndey Morning Herald 7 January 2019 — 12:00am The software industry has made Richard White a billionaire, and far richer than his former music industry clients, like AC/DC and the Angels. But it has been a long road to tech industry stardom via the company he founded, WiseTech. The software group, which is purely focused on the logistics industry, listed on the ASX in 2016...

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China To Upgrade Comprehensive Bonded Zones

BEIJING, Jan. 2 (Xinhua) — China will introduce measures to upgrade its comprehensive bonded zones in line with advanced international standards to promote trade and investment facilitation, sustain steady growth in foreign trade and investment, and nurture new competitive advantages, the State Council’s executive meeting chaired by Premier Li Keqiang decided on Wednesday. The Chinese government places high importance on the development of the comprehensive bonded zones and other...

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Supply Chain Innovation Summit Singapore

TNETS took a leading role in the second edition of the Supply Chain Innovation Summit for Asia Pacific held in Singapore in November. We were asked to provide a technical resource to speak on the subject of Customs in an e-Commerce World – Harnessing technology to speed goods across borders.  TNETS co-founder and director, Neil Johnson, delivered the presentation to around 350 delegates, and the TNETS team of Celia, Venthan, George, Gerard and Ghouse were...

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WiseTech buys Sydney company SmartFreight for $55 million

By Yolanda Redrup OCT 17 2018 / Financial Review Logistics software company WiseTech Global has made its third local acquisition in the last year, buying Sydney-based transportation marketplace SmartFreight for up to $55 million. The acquisition is the 24th for the company since July 2017, as the business aims to create “mini WiseTechs” across the globe. SmartFreight helps businesses optimise their logistics for parcel or pallet (less than a...

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WiseTech Global adds Datafreight to its portfolio of acquisitions

OCT 17 2018 / Air Cargo News WiseTech Global has continued its worldwide buying spree with the acquisition of LSI Sigma Software (DataFreight), a leading provider of customs, freight forwarding and warehouse management software solutions in the UK. Headquartered in Southampton, DataFreight provides integrated logistics solutions, including HMRC customs software, specialist consultancy for UK customs compliance and freight forwarding solutions for all modes of transport, along with warehousing capabilities...

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Samsung SDS to Power World’s First Exports Customs Clearance Blockchain in Korea

Samburaj Das  17/09/2018  Blockchain News, News The Korea Customs Service (KCS) has entered an agreement with Samsung SDS to implement the latter’s blockchain technology for an export customs clearance system. Samsung SDS, the IT subsidiary and technology provider of Korea’s largest conglomerate Samsung, will develop the world’s first blockchain-based export customs logistics service for the Korea Customs Service to enable efficiency and curb fraud in the industry. A memorandum of understanding between...

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Korea Customs Authority to Test Blockchain Clearance System for Imports, Exports

Samburaj Das   17/05/2018  The Korea Customs Service (KSC) is reportedly due to test a blockchain-based system to verify data and shipments during imports and exports with over 50 companies domestically. According to the Korea Times, the KCS is developing a customs data platform powered by blockchain technology in an effort to boost enhance the efficiency of a customs-clearing process that has long-relied on paper and is notoriously inefficient due...

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